tomo logo

$685,000

Beds
3
Baths
2.0
sq ft
1,344

600 Cinnamon Beach Way Unit 523, Palm Coast, FL 32137

600 Cinnamon Beach Way Unit 523

PALM COAST, FL 32137

  • 232 days on market
    • Price drop $34,000↓
Oceanfront, Ocean Facing and Oceanview! Picture yourself as the proud owner of a stunning condominium where each morning unfolds with the beauty of a sunrise over the endless sea. Set within the exclusive Ocean Hammock Community, this meticulously appointed residence offers three bedrooms, two bathrooms, and comes beautifully furnished. Luxurious waterfront property with tile throughout and high ceilings, offering fabulous resort amenities and the beach walkover is only fifty yards away. The primary bedroom is a true oasis, displaying ocean views, and a spa-like en-suite bathroom featuring double vanities, glass enclosed shower and a large soaking tub. The beautifully appointed kitchen offers expansive ocean views, features stainless steel appliances, granite counters, a pantry closet and an array of cabinet space. The highlight of the property is the vast tile floored balcony, which displays a stunning panoramic view of the shimmering blue water and swaying palms! This coastal resort lifestyle features access to miles of cinnamon sand beach, two amazing pools, hot tubs, splash pad and a fully-equipped gym. Game room with foosball, air hockey and video games, and a separate clubhouse rec room with billiards table. Open seasonally at the pool complex is the Grille, featuring exceptional food, a full bar and pool side service! The condo is currently generating revenue in an excellent rental program. Secure your dream of oceanfront living today! Video Walkthrough - https://youtu.be/_cZ3WmnTj9I?si=z7uc_2yfmNR16AL8

Details

Property type

Condominium

Est. home value

$664,216

Lot size

0.3 acres

Price per sq ft

$510

Year built

2004

Annual property taxes

$8,386

Monthly HOA fee

$160

Price History

08/09/2024
StellarMLS

StellarMLS #FC299290

Price change
$685,000
-4.73%
06/12/2024
StellarMLS

StellarMLS #FC299290

Price change
$719,000
-1.37%
05/31/2024
StellarMLS

StellarMLS #FC299290

Price change
$729,000
-1.35%

Schools & Community

Elementary school: 

Old Kings Elementary

Middle school: 

Indian Trails Middle-FC

High school: 

Matanzas High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Restaurant

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$300,121
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$330,079
Cash to seller
$300,121

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

March 2021

Original loan amount

$359,200

Est. remaining balance

$330,079

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Stanislav Belenitsky

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/08/2024 at 8:35 PM

Listing updated: 09/21/2024 at 6:50 AM

Listed by: Jesse Karanas, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #FC299290

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